DailyMarkets.com - US Mortgage Rates Jump While Consumer Confidence Rises |
| US Mortgage Rates Jump While Consumer Confidence Rises Posted: 31 May 2013 05:06 AM PDT This week mortgage applications decreased 8.8% for the third week in a row. One possible reason for this decrease might be the rise in mortgage rates as well as home prices in the US. Home prices have increased 10.9% within the last 12 months since March 2012, which is above the estimated increase of 10.2%. This increase in house prices is the largest we've seen since 2006. Consumer confidence has also increased this month to the highest level since 5 years ago, with consumers becoming … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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